Tesla shares plunged after CEO Elon Musk said the electric-car maker’s stock was too high

Tesla Inc. shares plunged after Chief Executive Officer Elon Musk said the electric-car maker’s stock is too high in a stream of tweets reminiscent of the posts that securities regulators sued over in 2018.

The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy and then recited parts of the “Star Spangled Banner.”

Read more: https://www.bloomberg.com/news/articles/2020-05-01/tesla-shares-plunge-after-musk-says-stock-is-priced-too-high?utm_campaign=socialflow-organic&utm_source=url_link&utm_content=business&utm_medium=social&cmpid=socialflow-twitter-business